Toshiba and Matsushita out of OLED TV race

Production issues force the joint venture to regroup

Shares

According to Japanese business paper the Nikkei, Toshiba and Matsushita's much-vaunted plans to join Sony in the OLED TV market have been shelved after problems moving from the research lab to mass production.

Instead, it will concentrate on smaller OLED screens for mobile phones and portable media players, according to the report [Subscription link]. Should the experience prepare it to compete in the promising OLED TV field, we expect the firm to focus on the 25- to 35-inch sector of the market within five years.